Gear Up for EOG Resources (EOG) Q4 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a decline in EOG Resources' quarterly earnings and revenues compared to the previous year, with earnings per share expected at $2.55, a 16.9$5.88 billion, down 7.5% year-over-year [1]. Earnings Estimates - The consensus EPS estimate has been revised 4.6% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and short-term stock performance [3]. Revenue Projections - Estimated revenues from natural gas are projected at $479.59 million, reflecting a year-over-year increase of 0.8$3.34 billion, showing a decline of 7.2% compared to the previous year [5]. - Revenues from natural gas liquids are forecasted to reach $519.77 million, indicating a 7.4$1.50 billion, representing a 2% increase from the prior year [6]. Volume Estimates - Total crude oil equivalent volumes per day are estimated at 1,098.49 million barrels, up from 1,026.2 million barrels a year ago [6]. - Total natural gas volumes per day are projected to reach 2,075.34 million cubic feet, compared to 1,831 million cubic feet in the previous year [7]. - Crude oil and condensate volumes per day are expected to be 493.75 million barrels, an increase from 485.2 million barrels year-over-year [7]. - Natural gas liquids volumes per day are projected at 259.74 million barrels, up from 235.8 million barrels in the same quarter last year [8]. - Total production is expected to reach 101.01 MBOE, compared to 94.4 MBOE in the same quarter last year [8]. Price Estimates - Average natural gas prices per mcf in Trinidad are expected to be $3.74, down from$3.81 a year ago [9]. - Average crude oil and condensate prices per bbl in the United States are projected at $72.28, compared to$80.61 in the previous year [9]. - The consensus estimate for average crude oil and condensate prices per bbl in Trinidad stands at $59.84, down from$69.21 year-over-year [10]. Stock Performance - EOG Resources shares have increased by 1% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [11]. - The company holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near term [11].